Startup India Government of India
Madstreet Den Technologies Private Limited - information technology in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹30.82 Cr
▼ 1% YoY
Net loss · FY 2024
₹59.98 Cr
Net margin -194.6%
EBITDA · FY 2024
-₹56.31 Cr
EBITDA margin -182.7%
Authorised capital
₹52.9 Cr
Registered with MCA
Paid-up capital
₹50.49 Cr
Issued & subscribed
Open charges
₹16 Cr
Satisfied ₹30 Cr
Company age
9 yrs
Est. 2017
Employees · EPFO
269
Provident fund records
About Madstreet Den Technologies Private Limited
Data last updated:
Madstreet Den Technologies Private Limited is a foreign private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Madstreet Den Inc. and recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 16 June 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72900TN2017FTC117122. Its GSTIN is 33AALCM1398P1ZS (Tamil Nadu).
The company has an authorised share capital of ₹52.9 Cr and a paid-up capital of ₹50.49 Cr. It is led by directors Anand Chandrasekaran and Ashwini Asokan.
Its last annual general meeting (AGM) was held on 10 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.45 3rd Street Abhiramapuram, Chennai, Tamil Nadu, India – 600018.
As per the financials filed for FY 2024, the company reported a revenue of ₹30.82 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net loss of ₹59.98 Cr (net margin -194.6%) and EBITDA of -₹56.31 Cr (EBITDA margin -182.7%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 51% over five years.
The company has about 269 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Vue.ai and Mad Street Den. As per MCA filings, the company has open charges of ₹16 Cr and satisfied charges of ₹30 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 2 cases are pending. The company has 7 deals on record (3 rights issues, 2 debt financings, 1 funding round), with disclosed funding of ₹33 Cr; the latest was in September 2022. Its 9 peer companies in the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 5 larger and 4 smaller; the largest is Celstream Technologies Private Limited with revenue of ₹30.89 Cr. The company has 1 MSME Form 1 return on record for the period ending Sep 2022, listing 6 overdue payments to 2 micro and small suppliers.
Madstreet Den Technologies Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0059786). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website madstreetden.com.
Company details
CIN U72900TN2017FTC117122
Registration Number 117122
Incorporation Date 16 June 2017
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 10 December 2024
Date of Balance Sheet 31 March 2024
Parent Company Madstreet Den Inc.
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-TN-02-0059786
Recognitions & Rankings of Madstreet Den Technologies
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-02-0059786
Contact details
Madstreet Den Technologies Private Limited's registered office is in Chennai, Tamil Nadu. Its website is madstreetden.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.45 3rd Street Abhiramapuram, Chennai, Tamil Nadu, India – 600018
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Madstreet Den Technologies Private Limited, buy the company report.
Comprehensive company report
Madstreet Den Technologies Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Madstreet Den Technologies operates two associated brands: Vue.ai and Mad Street Den. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| AI powered data orchestration platform | vue.ai | |
| Computer vision and AI-based visual search solutions are provided. | madstreetden.com |
Business activity
The main business activity of Madstreet Den Technologies is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Madstreet Den Technologies Private Limited, buy the company report.
Financials of Madstreet Den Technologies Private Limited
FY 2024 filings availableMadstreet Den Technologies Private Limited reported revenue of ₹30.82 Cr (down 1% YoY) for FY 2024.
Revenue · FY 2024
₹30.82 Cr ▼ 1%
Net loss · FY 2024
₹59.98 Cr margin -194.6%
EBITDA · FY 2024
-₹56.31 Cr margin -182.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 1%
3 years · compounded
▲ 29%
5 years · compounded
▲ 51%
EBITDA CAGR growth
1 year
▼ 55%
3 years · compounded
▼ 36%
5 years · compounded
▼ 47%
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 51%. EBITDA fell 55% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹56.31 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹59.98 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -182.7% | ||||
| Net Profit Margin | -194.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Madstreet Den Technologies Private Limited, buy the company report.
Board of directors of Madstreet Den Technologies Private Limited
Madstreet Den Technologies has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashwini Asokan Also directs: Mad Street Den Systems Private Limited | Nominee Director | 16 Jun 2017 | 9 Years 4 Months | Current |
| Anand Chandrasekaran | Director | 16 Jun 2017 | 9 Years 4 Months | Current |
Peer comparison
Madstreet Den Technologies Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Celstream Technologies Private Limited | ₹30.89 Cr (FY 2025) | 1.0% | Bangalore, Karnataka, India | |||
| Magnaquest Technologies Limited | ₹30.87 Cr (FY 2024) | 3.0% | Hyderabad, Telangana, India | |||
| Netimpact Solutions Private Limited | ₹30.85 Cr (FY 2025) | 32.0% | New Delhi, Delhi, India | |||
| Crayon Data (India) Private Limited | ₹30.85 Cr (FY 2025) | -33.0% | Chennai, Tamil Nadu, India | |||
| Procon Integrated Services Private Limited | ₹30.83 Cr (FY 2025) | 51.0% | Secunderabad, Telangana, India | |||
| Madstreet Den Technologies Private Limitedthis company | ₹30.82 Cr (FY 2024) | -₹59.98 Cr | -194.6% | -1.0% | 269 | Chennai, Tamil Nadu, India |
| Circular Edge Solution Private Limited | ₹30.79 Cr (FY 2025) | 15.0% | Chennai, Tamil Nadu, India | |||
| Capfront Technologies Private Limited | ₹30.78 Cr (FY 2024) | 11.0% | Bangalore, Karnataka, India | |||
| Infokrafts Data Consultancy Services Private Limited | ₹30.77 Cr (FY 2024) | 42.0% | Mumbai, Maharashtra, India | |||
| Itaas India Private Limited | ₹30.7 Cr (FY 2016) | -1.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Madstreet Den Technologies Private Limited, buy the company report.
Auditor
Madstreet Den Technologies Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2023 | 012754N/N50016 |
Shareholding
The shareholding of Madstreet Den Technologies Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Madstreet Den Technologies Private Limited, buy the company report.
Charges & borrowings
Open charges
₹16 Cr
Satisfied charges
₹30 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Sep 2024 | 101013222 | Others | ₹16 Cr | Open | |
| 10 Aug 2022 | 100652121 | Others | ₹30 Cr | Satisfied |
To see the full charge records of Madstreet Den Technologies Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Madstreet Den Technologies Private Limited has 7 deals on record (3 rights issues, 2 debt financings, 1 funding round), with disclosed funding of ₹33 Cr; the latest was in September 2022.
Total deals
7
Rights issues
3
Debt financings
2
Funding round
1
Acquisition
1
Disclosed funding
₹33 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2022 | Debt financing | ₹20 Cr | Investors: InnoVen Capital |
| Aug 2022 | Debt financing | ₹10 Cr | Investors: InnoVen Capital |
| Mar 2022 | Rights issue | ₹35.75 Cr | Investors: Madstreet Den Inc |
| May 2019 | Rights issue | ₹28 Cr | Investors: Madstreet Den Inc |
| Mar 2018 | Acquisition | ₹3.9 Cr | Buyer: Exfinity Venture Partners |
To see the full deal history of Madstreet Den Technologies Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Madstreet Den Technologies Private Limited has 2 court cases on record: 2 filed by Madstreet Den Technologies. All cases are pending.
Total cases
2
Filed by the company
2
Pending
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Writ petition | Filed by the company against Deputy Commissioner of Income Tax | Pending |
| Madras High Court | Interim or miscellaneous application | Filed by the company against Deputy Commissioner of Income Tax | Pending |
To see the full case history of Madstreet Den Technologies Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Madstreet Den Technologies Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2022, listing 6 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Securekloud Technologies Limited | |||
| Darwinbox Digital Solutions Private Limited |
To see the full MSME payment records of Madstreet Den Technologies Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Madstreet Den Technologies Private Limited has a workforce of 269 employees on its EPFO records as of Aug 22, 2024, across 1 active EPFO establishment.
Employee count
269
Active EPFO establishments
1
Employee growth
3.46%
GST
Madstreet Den Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AALCM1398P1ZS | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Madstreet Den Technologies Private Limited, buy the company report.
Recent activity
Madstreet Den Technologies Private Limited has 4 board changes on record since 2017: 3 appointments and 1 cessation. The latest: Hemalatha Prasannan ceased to be Company Secretary on 24 Nov 2021.
Charges
A charge registered on 10 Aug 2022 via Charge ID 100652121 with Others was fully satisfied on 26 Mar 2025.
AGM
Madstreet Den Technologies Private Limited last Annual general meeting of members was held on 10 Dec 2024 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 16.00 Cr with Charge ID 101013222 was registered on 16 Sep 2024.
Filing
Madstreet Den Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Charges
A charge with Others amounted to Rs. 30.00 Cr with Charge ID 100652121 was registered on 10 Aug 2022.
Ceased
Hemalatha Prasannan ceased to be Company Secretary.
Appointed
Hemalatha Prasannan was appointed as Company Secretary.
Appointed
Anand Chandrasekaran was appointed as Director.
Appointed
Ashwini Asokan was appointed as Nominee Director.
Incorporation
16 Jun 2017
Madstreet Den Technologies Private Limited was registered on 16 Jun 2017 with Roc Chennai & aged 9 years 4 months as per MCA records.
News
Frequently asked questions
Madstreet Den Technologies is an active foreign private limited company based in Chennai, Tamil Nadu, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 16 June 2017 (9+ years old) and is registered under CIN U72900TN2017FTC117122.
Madstreet Den Technologies has 2 current directors:
- Ashwini Asokan - Nominee Director
- Anand Chandrasekaran - Director
The latest financial statements of Madstreet Den Technologies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 10 December 2024. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Madstreet Den Technologies is 33AALCM1398P1ZS, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Madstreet Den Technologies is U72900TN2017FTC117122. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Madstreet Den Technologies has 2 court cases on record: 2 filed by the company. 2 are pending.
Madstreet Den Technologies was incorporated on 16 June 2017, making it 9+ years old. It is registered with the Registrar of Companies, Chennai.
Madstreet Den Technologies has 7 deals on record (3 rights issues, 2 debt financings, 1 funding round), with disclosed funding of ₹33 Cr; the latest was in September 2022.
The peers of Madstreet Den Technologies by revenue are Celstream Technologies Private Limited, Magnaquest Technologies Limited, Netimpact Solutions Private Limited, Crayon Data (India) Private Limited, Procon Integrated Services Private Limited and 4 more, all in the same principal business activity (computer programming, consultancy and related activities).
Hemalatha Prasannan ceased to be Company Secretary on 24 Nov 2021. Hemalatha Prasannan was appointed as Company Secretary on 01 Jun 2019. Anand Chandrasekaran was appointed as Director on 16 Jun 2017. Madstreet Den Technologies has 4 board changes on record in total.
Yes, Madstreet Den Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Madstreet Den Technologies is registered as a small enterprise under Udyam registration (number: UDYAM-TN-02-0059786).
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages